Press release
Mumps Vaccine Market Analysis Growth Opportunities and Trends by Forecast To 2031
Mumps is an infectious viral disease that results in swelling of the parotid salivary glands of the face. It is contagious and therefore, runs at a high risk of sterility when occurs in adult males. Mumps is usually characterized by muscle aches, headache, tiredness and fever, loss of appetite, and typical swelling of the one or more salivary glands.
Some other complications of mumps include infection in the pancreas, thyroid gland, prostate gland, or ovaries in females and testicles in males. The rising prevalence of mumps across the globe is a prime factor boosting the growth of the global mumps vaccine market. This is likely to continue during the forecast period, 2021 and 2031.
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Mumps was a highly prevalent disease back in the 1960s and thus, there was a high demand for mumps vaccine during that time. With time and technological advancement in medicine, the prevalence of mumps diseases declined, and so did the production of mumps vaccine.
According to WHO, application of mumps vaccine in nations with high scale immunization against mumps has been successfully completed, thereby leaving meager chances of contracting it again. Despite this, outbreaks may re-occur any time and thus, people in contact with an infected person can still fall prey to getting the infection. Post the COVID19 pandemic, the increasing importance of preparing patent drugs and novel drugs will increase the sales projections of the global mumps vaccine industry in the forecast period.
The research report on the mumps vaccine market offers a 360-degree overview of the market and factors contributing to its growth. This includes drivers, restraints, challenges, and new growth opportunities. The table of segmentation is also discussed in details. . The impact of the novel COVID19 pandemic is also discussed in the report. It also throws light on the key innovations and new product launches, contributed by market players. The report is available for sale on the company website.
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Mumps Vaccine Market - Competitive Landscape
The nature of the global mumps vaccine market is fragmented on account of the presence of a multiple participants. Leading players in the mumps vaccine market are emphasizing on adoption of growth strategies, such as innovations in the current technologies, joint ventures, mergers and acquisitions, and more to earn the lion's share in the overall market competition. Other players are investing in research and development to ensure brand expansion and market dominance on the other.
Some of the key players of the global Mumps Vaccine market include:
Emergent BioSolutions Inc.
CSL Limited
Bavarian Nordic
Snofi
Johnson & Johnson Private Limited
Astellas Pharma India Private Limited
Serum Institute of India Pvt Ltd.
MedImmune
Merck & Co. Inc.
Other players
Mumps Vaccine Market - Innovations
Merck and Co. Inc. announced the completion of their joint venture with Thermis, a private company that emphasizes on immune-modulation therapy for cancer and infectious diseases on June 2020.
Mumps Vaccine Market - Growth Drivers
The increasing number of patients suffering with autoimmune diseases propelled the focus on immunization programs, thereby augmenting the growth of the global mumps vaccine market. Besides this, the growing awareness about vaccines among consumers will also promote the growth of this market in the forecast period. Additionally, the rising cases of measles, mumps, and rubella and high prevalence of pneumococcal infections will further boost growth of this market in the near future.
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Mumps Vaccine Market - Geographical Insights
Demographically, the global mumps vaccine market is widespread into the regions of North America, Latin America, Asia Pacific, Europe, and the Middle East and Africa. These regions are again fragmented into nations. Among these, the market was dominated by the Middle East and Afrian region on account of lack of proper medical aid in rural areas where the prevalence of mumps is high.
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